9210 Panama City Beach PkwyPanama City Beach, FL 32407
- Retail properties
- 10,080 SF
Property Details for 9210 Panama City Beach Pkwy
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 0.70 AC
- Property size (Sq ft)
- 10,080 SF
- Zone code
- BC04
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 27626-040-000
- APU
- 27626040000
Description
This exceptional 10,080 square foot flex space, located at 9210 Panama City Beach Parkway in Panama City Beach, Florida (zip code 32407), presents a unique investment opportunity. The property, built in 1996, is a single-story building divided into three suites, with one suite currently available for lease. This 1,980 square foot suite offers a fully conditioned warehouse/flex space featuring approximately 450 square feet of reception area and approximately 1,630 square feet of warehouse space, complete with a 14' x 10' roll-up door. The building enjoys a high-traffic location on Panama City Beach Parkway (Highway 98), boasting over 45,000 vehicles passing daily. Nearby, you'll find major retailers such as Publix, Home Depot, Chick-fil-A, and Starbucks, ensuring high visibility and accessibility. The property's strategic location is further enhanced by its proximity to the new Publix Sports Park, HCA Florida Emergency Care, and the Duplin Winery, all within a mile. Less than a five-minute drive away are the NSA Panama City, Port Panama City, and several defense government contractors. The recent development of the 300-unit Sea Sound Apartments and the 930-unit Breakfast Point East Subdivision further solidifies this location as a prime area for businesses, particularly those serving the defense, engineering, or retail sectors. This is a rare opportunity to secure a well-positioned flex space in a rapidly growing area.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,711,038
- 6.5%
- $2,502,496
- 7%
- $2,323,746
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,805,800
- Geo Method
- $1,805,800
-
Alternative Use
- Use
- Valuation
- Residential
- $2,110,949
- Hospitality
- $1,933,618
- Educational
- $1,608,748
- Medical
- $1,664,075
- Retail
- $2,502,496
Location Insight
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Latitude
- 30.191
- Longitude
- -85.7913
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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